YOUR GUIDE TO GIVING.

Fidelity Charitable, Schwab Charitable and Vanguard Charitable charge an annual administration fee of 0.60% or $100, whichever is greater, on the first $500,000 (amounts greater than $500,000 have a tiered fee structure). If you have received a cash windfall and want to donate a portion of it, parking the cash in a donor-advised fund is a safe bet. For the 2021 tax year, you can deduct cash contributions totaling up to 100% of your AGI that are made directly to charities - but the limit is still 60% of AGI for a donor-advised fund. REWARDS ILLUSTRATION BY FRELLY (ENRICO FOCARELLI BARONE) When the Tax Cuts and Jobs Act nearly doubled the standard deduction starting with the 2018 tax year, charities and tax experts expected donations to drop. [Extracted from the article]
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